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Tuesday, July 17, 2012

Business leaders hit back at Obama after he says the wealthy AREN'T responsible for their own success

America's leading small business
association has slammed Barack Obama for showing 'an utter lack of
understanding' of the country's entrepreneurs when he told them: 'If
you've got a business - you didn't build that. Somebody else made that
happen.'

In a hard-hitting
statement to Mail Online, the National Federation of Independent
Businesses (NFIB) president Dan Danne said: 'What a disappointment to
hear President Obama's revealing comments challenging the significance
of America's entrepreneurs.

Mr
Danne added: 'His unfortunate remarks over the weekend show an utter
lack of understanding and appreciation for the people who take a huge
personal risk and work endless hours to start a business and create
jobs.'

President Obama said in a speech at
the weekend that governments and not individuals create jobs, telling
entrepreneurs: 'If you've got a business - you didn't build that.
Somebody else made that happen.'

He added: 'You didn't get there on your own. I'm always struck by people who think, well, it must be because I was just so smart.'

An NFIB spokesman added: 'I'm
sure every small-business owner who took a second mortgage on their
home, maxed out their credit cards or borrowed money from their own
retirement savings to start their business disagrees strongly with
President Obama's claim. They know that hard work does matter.

'Every
small business is not indebted to the government or some other
benefactor. If anything, small businesses are historically an economic
and job-creating powerhouse in spite of the government.'